Anthony L. Vest
Anthony (Tony) Vest was born and grew up in Kingsport, Tennessee. He got his early experience in business while working at his father’s service station as a young boy. His father, Leon Vest, taught him the importance of taking care of the customers needs and treating employees fairly. His parents also insisted that he get a college education, something no member of his family had ever done. On a challenge from a classmate, Tony, a “C” student enrolled in the nuclear engineering program at the University of Tennessee in Knoxville. He graduated in 1969 as a mechanical engineer.
Tony worked for General Electric as a field engineer in the early 1970’s, supervising the installation of power equipment, such as large turbines, generators and nuclear reactors. His entrepreneurial spirit struggled as he ascended into management however, and in 1985, Tony left GE and formed Onsite Engineering and Management Company. Onsite provided training, engineering, refueling, and management services to nuclear power facilities. Although the nuclear industry was in severe contraction throughout the period, by 1990 Inc. Magazine named Onsite the 30th fastest growing privately held firm in the United States. In 1991 Onsite was named a Blue Chip Enterprise Award winner by the US Chamber of Commerce. In 1992 Tony was named Georgia Entrepreneur of the Year. Tony left Onsite in 1996 after completing its sale. At that time Onsite had grown to more that 200 employees and more than $50 million in annual revenues.
After the sale of Onsite, Tony continued his management consulting through Management Programs Corporation, a company he founded in 1987. In 2001 he was asked to take over as Managing Partner of Teton Springs Golf and Casting, LLC, a large second home resort development in Teton Valley Idaho. He and his wife, Sandy, worked as a team to right a real estate development that was in serious difficultly. Lack of financing and sales, partly as fallout from 9/11, along with fundamental management and cash flow issues, had the project on the brink of failure. Tony and Sandy invested all their time and resources and by the end of 2006 Teton Springs was a success, having sold more than $120 million in property, and providing returns to investors. Along the way, Tony founded Headwaters Construction Company and All Seasons Resort Realty, LLC. Headwaters Construction had revenues of $56 million in 2007 and was named number 145 in the Inc 500 that year. ASR Realty was the third largest realty, by sales and volume in the greater Jackson Hole area, consistently selling more than $150 million worth of real estate annually. Additionally, Tony is the managing partner of Teton Springs Lodge, LLC, which developed Teton Springs Lodge and Spa, a small luxury hotel, the first of its kind in Teton Valley.
Tony enjoys helping young entrepreneurs realize their dreams and in 2005 he structured agreements whereby key management personnel were able to obtain the majority interest in Headwaters Construction Company and All Seasons Resort Realty.
Tony and Sandy make their home in Chattanooga and Jackson Hole, Wyoming. Their daughter, Shannon, lives in Pasadena, California. Tony attended UTC in 1979 while working on his MBA. Tony enjoys piloting his own plane, hiking, scuba diving and snow skiing. He and Sandy are avid believers in free minds and free markets.